If you want to fail as a trader, study TA
- Thread starter The Expert
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no, and it may well help the discussion to move on if he were to.
1. If a person does not know how to use an indicator, the indicator will not work.
2. There seem to be few posters in this thread who are successful in using indicators.
Conclusion:
To use an indicator successfully, the user has to be informed, knowledgeable and skilled in its usage.
Becoming informed is done by being told, corrrectly just WHAT to do.
Being knowlegeable occurs WHEN a trader has build his mental inference as long term memory and the inference is AVAILABLE to match WHAT is being sensed to FORM "preception". The techniques for attaining this are specific drills denoting just what to do.
Skill is a dervative of experience. Experience is time bound. By doing WHAT is required as drills, over time, knowledge becomes available as inference and organized as differentiation in the mind. Skill begins WHEN inference becomes available to match sensing, to BEGIN to form perception.
More than perception is required to trade skillfully, but perception is a necessity and beginning point.
Perception is just associated with each element of the acquired data set required to do a routine that involves decision making after analysis of the data set.
All three sets of information for monitoring, analysis and decision making are fintie sets and, when paired successively, there is a fixed one to one relationship which is LEARNED and invariant.
In all of this, there is a superimposed requirement that is a two edged sword: Induction may not be used and deduction, only, must be used.
As the OP states he is ignorant and unschooled.
Traders do not have wants. trader only have needs. Studying is unproductive since it is self managed. The learn is not done by selfimposed effort. The requirement to learn is to do drills that apply to building the mind's inference. Infernce MUST be available to match what is sensed.
In trading three things are sensed: spatial, patterns, and movement.
Infererence is REQUIRED to match to sensing to ACHIEVE "perception".
Perception allows for ANALYSIS. There is NO analysis possible without perception. There is No deciison making possible without analysis.
The is no TIMELY BEHAVIORAL ACTION possible without decision making.
Moral of the story:
Deductive reasong is required to determine the drills to build inference in the mind. No trading routine is possible without a differenctiated mind filled in an orderly way with a full set of inference.
Trading is done as an unconscious competence using the same operators as used in driving a car: spatial, patterns and movement.
Why did the expert type a sentence and ask a question which states that he does not know how the mind works to trade successfully?
Any comment that is made as a consequence of induction can be put, immediately, in the circular file.
2. There seem to be few posters in this thread who are successful in using indicators.
Conclusion:
To use an indicator successfully, the user has to be informed, knowledgeable and skilled in its usage.
Becoming informed is done by being told, corrrectly just WHAT to do.
Being knowlegeable occurs WHEN a trader has build his mental inference as long term memory and the inference is AVAILABLE to match WHAT is being sensed to FORM "preception". The techniques for attaining this are specific drills denoting just what to do.
Skill is a dervative of experience. Experience is time bound. By doing WHAT is required as drills, over time, knowledge becomes available as inference and organized as differentiation in the mind. Skill begins WHEN inference becomes available to match sensing, to BEGIN to form perception.
More than perception is required to trade skillfully, but perception is a necessity and beginning point.
Perception is just associated with each element of the acquired data set required to do a routine that involves decision making after analysis of the data set.
All three sets of information for monitoring, analysis and decision making are fintie sets and, when paired successively, there is a fixed one to one relationship which is LEARNED and invariant.
In all of this, there is a superimposed requirement that is a two edged sword: Induction may not be used and deduction, only, must be used.
As the OP states he is ignorant and unschooled.
Traders do not have wants. trader only have needs. Studying is unproductive since it is self managed. The learn is not done by selfimposed effort. The requirement to learn is to do drills that apply to building the mind's inference. Infernce MUST be available to match what is sensed.
In trading three things are sensed: spatial, patterns, and movement.
Infererence is REQUIRED to match to sensing to ACHIEVE "perception".
Perception allows for ANALYSIS. There is NO analysis possible without perception. There is No deciison making possible without analysis.
The is no TIMELY BEHAVIORAL ACTION possible without decision making.
Moral of the story:
Deductive reasong is required to determine the drills to build inference in the mind. No trading routine is possible without a differenctiated mind filled in an orderly way with a full set of inference.
Trading is done as an unconscious competence using the same operators as used in driving a car: spatial, patterns and movement.
Why did the expert type a sentence and ask a question which states that he does not know how the mind works to trade successfully?
Any comment that is made as a consequence of induction can be put, immediately, in the circular file.
Proving something doesn't work has not as yet ever happened.
If a person embarks on such, he is expressing his irrationality.
Humans are capable of rational intellectual thought. As they do so, they learn to omit commmunicating irrationalities to others since this is not productive communication.
This has to be one of the most anticipated new threads ever, and so far it is a "but where is the meat?".
+1
After 3 days and 7 posts we got pretty much nothing.... There is nothing like a good first impression.
Maybe the OP wants to take a nice long weekend and retry next week. 3rd time is a charm....
P.S.: An occasional correct prediction about the market wouldn't hurt either...
+1
After 3 days and 7 posts we got pretty much nothing.... There is nothing like a good first impression.
Maybe the OP wants to take a nice long weekend and retry next week. 3rd time is a charm....
P.S.: An occasional correct prediction about the market wouldn't hurt either...
LOL.....
Please put me on ignore.
when will self satisfied Price Action morons understand that any data series turned into a chart i.e. imposed periodicity is no different from any other indicator
Quote from Redneck trader:
OP,
I see all things do come full circle â as it should beâ¦
Say howdy to TFF for me
And a little stretch of the mind you say is in order â yeah I think Iâm up to it
Seldom do I predict but if I were to startâ¦. I would predict if one approaches this thread from a ânormalâ mindset â it is going to frustrate the hell out of you â we shall see... And I can only hope
RN
Hi RN,
Thank you for the warm reception, and, it is a pity that others are not as polite:eek:
As is common knowledge in the world of successful business, those who think differently to most, well, usually make more money than most
Correct thinking requires an open mind, for, if one continues through life depending on the thoughts of others, then, one might just find that by the time retirement age comes round, well, it is just too darn late
Money does, indeed, make the world go round, and, the most important thing in relation to trading, well, is to make GOOD money, and, to make GOOD money, well, one must do what is required, not what one likes to do:eek:
We will have a few disagreements, no doubt
, but, once we learn from each other, and make GOOD money, then what we do is correct, and, all else is just more of the same old crap thrown out by the scam artists and those who know how to prey on the susceptible public, aka, Mr & Mrs Gullible:eek: TE
1. I am The Expert, not Guru---
2. The Expert does not reply to rude posters
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